~ Ethanol Incentives - The Good, The Bad, The Mostly Good!
Like them or hate them, incentives have been around for a very long time - And yes the oil companies get them too, not just the alternative fuel companies.
Most recently, the mandates and incentives of the Energy Policy Act of 2005 have accelerated ethanol production at an unprecedented rate. Under the renewable fuels standard, gasoline will be required to contain 7.5 billion gallons of renewable fuel annually by 2012. It is expected that most of this requirement will be met with ethanol.
Jeff Binamin said: . . . . .
The Energy Policy Act of 2005 sets a path forward for the development and commercial introduction of ethanol made from cellulosic biomass, which promises to have a profound impact on our ability to manufacture and use renewable fuels in the future. (Jeff Bingaman, U.S. Senate Energy Committee).
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